Beijing's resold house sales volume to hit 5-year low in H1

BEIJING, June 29 (Xinhua) -- The sales volume of Beijing's resold houses is expected to stand at 72,000 units in the first half (H1) of 2019, hitting the lowest level over the past five years, Chinese real estate agency Centaline Property predicted.

The figure fell 6 percent from the same period a year earlier, the agency said.

The agency also predicted that 16,000 new homes will be traded in H1, over two times the volume during the same period in 2018.

In May, China's property market showed some signs of cooling down, with prices of resold houses in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- inching up 0.1 percent month on month, down 0.3 percentage points from a month before.